International tourist numbers could fall 60-80% in 2020, UNWTO says
International tourist arrivals fell by 22 percent in the first quarter of 2020 due to COVID-19 pandemic crisis, according to the latest data from...
Singapore’s CDL snaps up Paris hotel for €240m
Singapore-listed global real estate company City Developments Limited (CDL) has acquired the Hilton Paris Opéra hotel from funds managed by Blackstone for €240 million. CDL...
Ascott Residence Trust to acquire nine serviced residences in five countries
Ascott Residence Trust (ART) has proposed to acquire nine serviced residences, rental housing and student accommodation properties across five countries from its sponsor, The...
Hyatt opens Great Scotland Yard hotel
Hyatt Hotels Corporation announced the opening of the 152-room Great Scotland Yard hotel as part of The Unbound Collection by Hyatt. On the site of the former...
Asia Pacific hotel investments to grow in 2019
According to JLL's latest Hotel Investment Outlook report, hotel investments expected to rise 15 percent in 2019 compared to the last year, to...
VICI Properties to acquire casino properties in Ohio for $843.3m
VICI Properties Inc., a real estate investment trust(REIT), has entered into a definitive agreement with JACK Entertainment to acquire JACK Cleveland Casino and JACK...
Blackstone to buy hotel portfolio from Condor Hospitality Trust for $305m
Condor Hospitality Trust has agreed to sell its entire portfolio of hotels to Blackstone Real Estate Partners for $305 million in an all cash...
Hilton launches its new brand for business travelers
Hilton (NYSE: HLT) has launched its new meetings-and-events-focused brand Signia Hilton, including a minimum of 500 guest rooms and 75 square feet per key of...
JLL appoints Gilda Perez-Alvarado as global CEO, hotels & hospitality
JLL has appointed Gilda Perez-Alvarado as global CEO of its Hotels & Hospitality Group. Gilda Perez-Alvarado will succeed Mark Wynne-Smith, who will continue as...
Acore raises $1bn to provide rescue capital to hotels
Commercial real estate finance company Acore Capital has raised $1 billion to provide rescue capital to North American hotel operators. The company has launched Acore...
